Throughout the state of Ohio, the Development Finance Authority of Summit County (DFA) offers various forms of bond financing as detailed below. DFA’s public-private partnerships can provide financing tailored to the needs of a given project.

East End

East End

Jobs & Investment Bond Fund

DFA issues both taxable and tax-exempt fixed-rate bonds through its Jobs & Investment Bond Fund, underwritten with its A- Bond Rating (S&P). You may download S&P Bond A- Rating report from the files below. Jobs & Investment Bond Fund loans typically range from $2M - $7M and are structured for 10-30-year terms, and the borrower is responsible for service on the incurred debt. PACE projects exceeding $2M (see below) may be eligible for financing through the Jobs & Investment Bond Fund.

You may view the Jobs & Investment Bond Fund application below.

Goodyear Headquarters

Goodyear Headquarters

Conduit Bond Financing

DFA issues both taxable and tax-exempt conduit bonds underwritten by commercial lenders and other financing sources. These include private activity bonds (PABs), capital lease bonds, and community development bonds. For each of these, the borrower is responsible for service on the incurred debt. Capital lease financing enables a for-profit borrower to obtain a sales tax exemption on all construction materials.

You may view the Conduit Bond Financing application below.

Cascade Plaza

Cascade Plaza

PACE Bond Financing

DFA’s Property Assessed Clean Energy (PACE) bonds are available to assist property owners with financing energy efficiency projects, resulting in a better work environment and reduced energy costs. Improvements can include roof replacement and enhancements to HVAC, insulation, electrical, and windows that result in reduced energy consumption and cost. Repayment costs for the improvements are paid through a voluntary special assessment by the property owner.

Depending on project size, PACE improvements can be financed by DFA or other private sources:

  1. PACE projects exceeding $2M may be eligible for financing through the Jobs & Investment Bond Fund. You may view the Jobs & Investment Bond Fund application below.

  2. Within Summit County, PACE Projects between $250,000 and $1M may be eligible for financing through the Energy Efficiency Revolving Loan Fund (EERLF). You may view the EERLF application below.

  3. Conduit PACE financing through various private lending sources is also possible.

Please note that all PACE projects must be in an established Energy Special Improvement District (ESID); please visit our Energy Efficiency Financing page to learn more.

Bond Projects

Since 1999, DFA has issued over $1.5 billion in bonds, spread across 13 counties and 128 projects.

 

Resources

Reports and informational materials are available below, with additional information available upon request. To apply for (or answer any questions about) DFA’s bond financing, please contact our office at 330-762-4776 or email us using the submission form below. Application(s) may be downloaded below, and once completed can be mailed, emailed, or dropped off at our office.